BLOOMIN' BRANDS INC (BLMN) Stock Technical Analysis
NASDAQ:BLMN - US0942351083 - Common Stock
7.35 USD
+0.06 (+0.82%)
7.35 USD
0 (0%)
We assign a technical rating of 0 out of 10 to BLMN. BLMN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
94% of all other stocks performed better in the past year than BLMN.
BLMN is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 82% of 131 stocks in the same industry do better.
BLMN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
BLMN has an average volume of 2715320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BLMN has a been trading in the 6.18 - 9.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BLMN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.37. Right above this resistance zone may be a good entry point.
More info and screens
6.20
10.01
2 important support areas can be observed.
- Support @6.95 from a horizontal line in the daily time frame.
- Support @6.26 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.37 to 7.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.91 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BLMN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLMN is down. |
| ChartMill Relative Strength | 6.66 | NEGATIVE | BLMN has a low relative strength, it was outperformed by 93.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BLMN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLMN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.73 | NEUTRAL | The RSI value for BLMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BLMN has a positive trend. |
| Stochastics (14,3) | 79.11 | NEUTRAL | The Stochastics value for BLMN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.96 | HIGH VOLATILITY | The high ATR as a percentage value for BLMN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.77 | NEUTRAL | The ADX value for BLMN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.35
+0.06 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.82%
1 Week-0.2%
2 Weeks5%
1 Month-15.81%
3 Month-3.67%
6 Month-21.64%
12 Month-58%
2 Year-73.81%
3 Year-63.65%
5 Year-48.74%
10 Year-64.49%
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%6.96%
ATR Inc-21.86%
Range Today0.34
ADR(20)0.47
ADR(20)%6.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.66
Mansfield-3.89
10 Day High7.59
10 Day Low6.77
20 Day High9.08
20 Day Low6.18
52 Week High17.79
52 Week Low6.09
CS1 End6.95
CR1 Start7.37
Volume & EV
DER(3)2.93%
DER(5)1.12%
Volume1.76M
Volume Incr-42.51%
Vol(5)1.99M
Vol(50)2.72M